I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited!
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2022-05-20 16:42 | Report Abuse
SCR is a make-or-break privatisation and automatic delisting. If approved, all the shares of the disinterested minorites will be cancelled.
2022-05-20 13:15 | Report Abuse
Privatisation means taking the company private. It cannot remain listed after been privatised.
2022-05-20 11:34 | Report Abuse
Price will hold at current level until announcement of special dividend is released.
2022-05-20 07:31 | Report Abuse
Of the top 30 shareholders, who among them are aligned with Surin?
2022-05-20 07:27 | Report Abuse
@Johnzhang, I think KayaToast meant top 30 major shareholders owning 75%.
2022-05-20 04:36 | Report Abuse
@KayaToast, there are plans on the utilization of the disposal proceeds, it is just not yet announced. Chapter 10 of Listing Rules requires announcement to be made to Bursa and in circular issued to shareholders prior to convening EGM. Board of Directors are deliberating on the plans which will include a special dividend of at least 65 sen (but probably higher but how much higher?)
2022-05-19 16:31 | Report Abuse
12.5 sen dividend confirmed coming.
2022-05-19 16:22 | Report Abuse
For Affin please go to Affin forum.
2022-05-19 16:11 | Report Abuse
Hahaha, people here wants to consume shark fin soup.
2022-05-19 16:10 | Report Abuse
Board of Directors have to deliberate proposed usage of disposal proceeds first and announce it, then only call for EGM.
2022-05-19 15:55 | Report Abuse
If LTAT were to ever decide to exit Affin, Sumitomo Mitsui Banking Corporation can easily buy over.
2022-05-19 15:54 | Report Abuse
Sumitomo Mitsui Banking Corporation is the 2nd largest banking group in Japan and the 80th largest company in the World.
2022-05-19 15:48 | Report Abuse
For people who doesn't know, Sumitomo Mitsui Banking Corporation of Japan is 2nd largest shareholder in Affin, holding indirectly over 23% equity.
2022-05-19 15:28 | Report Abuse
@aklobi, if you elect for dividend reinvestment, the shares issued to you will be around 10% discount to the prevailing market price.
2022-05-19 14:36 | Report Abuse
Yes, LTAT badly needs dividend, Boustead also badly needs dividend. Affin is a banking group that is currently traded at half its net assets value per share. Currently EPF is selling down because they needed cash badly for the RM10k withdrawals.
2022-05-19 14:22 | Report Abuse
Overnight Dow Jones crashed over 1,100 points (for people who doesn't know) but Affin share price climbs. What does it tell you?
2022-05-19 12:43 | Report Abuse
We are all in MphbCap together. We should have confidence and belief in what we invest in.
2022-05-19 12:25 | Report Abuse
I now give target price of RM2. :-)
2022-05-19 10:55 | Report Abuse
It will spike big eventually, mark my words.
2022-05-19 10:29 | Report Abuse
@speakup, major shareholders giving chance to long suffering minorites who bought at high price to average down before the big spike comes.
2022-05-19 10:05 | Report Abuse
Yes, that second sale would take Affin beyond RM2.50.
2022-05-18 23:57 | Report Abuse
Top 30 shareholders own more than 76% of the total shares. Among the top 30 shareholders are several foreign and local investment funds, insurance fund, foreign bank, credit companies etc. All they want is a big, fat special dividend in return of giving their approval on the disposal.
2022-05-18 23:47 | Report Abuse
Dear Sharkfin, you are needed in Reach Energy forum. Please visit.
2022-05-18 23:41 | Report Abuse
Dow Jones is currently down over 700 points and if it stays down until closing, Asian market will be a sea of red tomorrow. How will MphbCap share price preform?
2022-05-18 23:22 | Report Abuse
@theong, I sold off MAA at RM1.04 a few days before EGM, my cost around 60 sen, hahahaha made over 70% gain.
2022-05-18 22:07 | Report Abuse
Yes, a must. Directors must furnish all necessary information in circular to shareholders when calling for the EGM. You never received circulars before?
2022-05-18 21:22 | Report Abuse
How many sharks are required to make a bowl of shark fin soup?
2022-05-18 21:20 | Report Abuse
You people are so inexperienced. PA doesn't pay interest, it pays preference dividend subject to availability of distributable profits. If no profits or insufficient profits there will be no dividend.
2022-05-18 20:42 | Report Abuse
Board of Directors need to deliberate on utilization of disposal proceeds first before calling for EGM.
2022-05-18 20:41 | Report Abuse
Needs 28 days notice to call for EGM which requires 75% shareholders approval to pass resolution.
2022-05-18 20:24 | Report Abuse
We make shark fin soup out of Big Shark.
2022-05-18 20:16 | Report Abuse
I hereby propose that Johnzhang be appointed to represent members of this forum to engage the Board of Directors on the utilization of the disposal proceeds, especially on the quantum of the special dividend, in order to secure the votes to approve the disposal.
2022-05-18 20:03 | Report Abuse
I hope tomorrow all here in this forum will be in happy mood.
2022-05-18 20:02 | Report Abuse
Tomorrow we will get to see how the market reacts to a disposal consideration of RM508 million. The Edge earlier reported a probable disposal consideration of only RM330 million.
2022-05-18 19:57 | Report Abuse
Posted by YouWin > 1 week ago | Report Abuse
Special dividend should be more than 0.40, assuming 0.05per year is what we should have got from the company
2022-05-18 19:45 | Report Abuse
The situation is quite similar to SCGM which requires 75% shareholders approval. SCGM is proposing capital repayment and special dividend amounting in total of RM2.25 to ensure the disposal is not derailed.
2022-05-18 19:39 | Report Abuse
A minimum of RM460 million is already earmarked to be distributed as special dividend (of 65 sen), is this quantum sufficient to persuade minority shareholders to approve the disposal? Or will higher quantum of special dividend (say, RM1?) be proposed to ensure that disposal is not derailed?
2022-05-18 19:35 | Report Abuse
The disposal requires 75% approval of shareholders in EGM to be convened. If no substantial amount of special dividend is proposed to the distributed, the disposal is not likely to receive approval of sufficient percentage of shareholders.
2022-05-18 19:08 | Report Abuse
Minimum 65 sen special dividend anticipated.
2022-05-17 23:55 | Report Abuse
It is in my strong belief that the investment in the Nomura i-income Fund is earmarked for distribution as dividend but was forbidden by Bank Negara until MphbCap totally exits from insurance business. The RM460 million from this fund will pay a dividend of 65 sen per share.
2022-05-17 23:01 | Report Abuse
The disposal consideration for the insurance unit is yet to be announced (possibly around RM500 million?) while the fund upon liquidation would raise at least RM460 million. In total the disposal amount could be close to RM1 billion.
2022-05-17 22:56 | Report Abuse
After studying the latest Annual Report I am beginning to understand better. As per note 37 in the Annual Report, the units of discontinued subsidiaries comprise the insurance unit and a Nomura i-income Fund. The net assets of the insurance unit is RM721,288,000. 51% of that is RM367,857,000. The net assets of the Nomura Fund is RM742,878,000 of which RM455,892,000 is attributable to MphbCap. I believe this is a bond/money market fund.
2022-05-17 20:30 | Report Abuse
@aklobi, AGM is next week on 25th May.
2022-05-17 19:41 | Report Abuse
@Johnzhang, as at 31/12/2021, cash and investment securities amount to only around RM300 million.
2022-05-17 16:19 | Report Abuse
In June last year Generali already announced a proposed estimated purchase consideration of RM690 million for both MphbCap and Affin insurance units. For The Edge to state that the disposal consideration for MPHBCap's unit is a mere RM330 million is so laughable and borders on fake news.
Stock: [MPHBCAP]: MPHB Capital Berhad
2022-05-20 21:44 | Report Abuse
AGM date already announced to be held on 30.6.2022.